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Is Analyst Sentiment Turning Positive for Vale?

Is Analyst Sentiment Turning Positive for Vale?

Vale (VALE) stock has seen a significant shift in ratings over the last one year. Currently, 73.0% of analysts covering Vale stock recommend a “buy” compared with 56.0% at the end of April. Approximately 23.0% of analysts recommend a “hold,” and 4.0% recommend a “sell.” Vale’s target price implies a 30% upside based on its current market price.